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pencilneck
Participant“But I also wonder if all these years of waiting have made me a perma-bear.”
I’ve been doing similar soul searching. I still see more downside risk than upside potential over the next few years.
“Could I actually miss the boat?”
What is missing the boat? Could you miss the exact bottom of the market? Yes. Are prices going to suddenly jump into the stratosphere again? I kind of doubt it.
This rally may be a bottom forming. However, we haven’t really seen yet what the market looks like without the $8k federal tax credit, and a lot of current numbers reflect sales that are taking advantage of the $10k state tax incentive as well. I think there is little risk in waiting to see where the market it headed next.
Participant“But I also wonder if all these years of waiting have made me a perma-bear.”
I’ve been doing similar soul searching. I still see more downside risk than upside potential over the next few years.
“Could I actually miss the boat?”
What is missing the boat? Could you miss the exact bottom of the market? Yes. Are prices going to suddenly jump into the stratosphere again? I kind of doubt it.
This rally may be a bottom forming. However, we haven’t really seen yet what the market looks like without the $8k federal tax credit, and a lot of current numbers reflect sales that are taking advantage of the $10k state tax incentive as well. I think there is little risk in waiting to see where the market it headed next.
Participant“But I also wonder if all these years of waiting have made me a perma-bear.”
I’ve been doing similar soul searching. I still see more downside risk than upside potential over the next few years.
“Could I actually miss the boat?”
What is missing the boat? Could you miss the exact bottom of the market? Yes. Are prices going to suddenly jump into the stratosphere again? I kind of doubt it.
This rally may be a bottom forming. However, we haven’t really seen yet what the market looks like without the $8k federal tax credit, and a lot of current numbers reflect sales that are taking advantage of the $10k state tax incentive as well. I think there is little risk in waiting to see where the market it headed next.
ParticipantBlack gold?
ParticipantBlack gold?
ParticipantBlack gold?
ParticipantBlack gold?
ParticipantBlack gold?
ParticipantA minor irony is that many new homeowners with a child or two will pay little in California income tax for the first decade or so of owning a new home. Of course this isn’t true for high earners.
This tax incentive especially helps the childless.
ParticipantA minor irony is that many new homeowners with a child or two will pay little in California income tax for the first decade or so of owning a new home. Of course this isn’t true for high earners.
This tax incentive especially helps the childless.
ParticipantA minor irony is that many new homeowners with a child or two will pay little in California income tax for the first decade or so of owning a new home. Of course this isn’t true for high earners.
This tax incentive especially helps the childless.
ParticipantA minor irony is that many new homeowners with a child or two will pay little in California income tax for the first decade or so of owning a new home. Of course this isn’t true for high earners.
This tax incentive especially helps the childless.
ParticipantA minor irony is that many new homeowners with a child or two will pay little in California income tax for the first decade or so of owning a new home. Of course this isn’t true for high earners.
This tax incentive especially helps the childless.
ParticipantIn the short term, I believe the lower to middle end of the housing market will see some softening. Higher interest rates, FHA tightening, and the end of the $8k federal tax credit may all work against this market.
We might possibly see a bit more inventory out there as well.
However, there are a lot of buyers delaying their purchases to qualify for both the California tax credit and the federal tax credit. This is going to make the early May numbers look fantastically good. The May numbers will mostly be reported in June. It won’t be until July or August that we see what the market looks like with a little less intervention.
(Edit: In this case “short term” means 3-6 months, not one month or several weeks.)
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